Bitcoin Breaks Ceiling; Related Concept Stocks Surge; SINOHOPE TECH Soars ~17%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2025
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Source: aastocks
Hong Kong Stock Market Performance: The HSI opened 152 points higher, closing at 25,716 with a turnover of $103.902 billion, while several cryptocurrency-related stocks saw significant gains due to Bitcoin reaching a new high above US$124,000.
Cryptocurrency Stocks Surge: Notable increases were observed in Hong Kong-listed cryptocurrency concept stocks, such as SINOHOPE TECH (+16.92%) and OKG TECH (+8.62%), alongside positive movements in Bitcoin-related ETFs.
Analyst Views on 00863
Wall Street analysts forecast 00863 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00863 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 19.120
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Current: 19.120
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
